Overseas Bank Account Did Obama Made A Law That Checks Your Overseas Bank Account?

Did Obama made a law that checks your overseas bank account? - overseas bank account

I recently heard from other people that Obama has a policy that the number of residents of the United States reviews foreign bank in another country in the world, and if the bank account of more than 10,000 U.S. dollars, then this person would have to pay a fine of $ 100,000 to be paid, that's true?